dynaCERT Inc (TSE:DYA)
TSX:DYA
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dynaCERT
(TSX:DYA)
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Rating:43Neutral
Price Target:
C$0.10
▲(1.00% Upside)
Action:ReiteratedDate:03/28/26
The score is primarily driven by very weak financial performance (persistent losses, negative free cash flow, and negative equity with increased debt), which elevates financing and execution risk. Technical signals are broadly neutral with limited longer-term trend strength, and valuation support is limited due to a negative P/E and no dividend yield.
Positive Factors
Structural demand for emissions reduction in heavy-duty sectors
Heavy-duty diesel industries (trucking, mining, construction) face enduring regulatory and cost pressures to cut emissions and fuel use. dynaCERT's targeting of these sectors aligns with a long-term addressable market that should sustain demand for retrofits and efficiency solutions beyond short-term cycles.
Negative Factors
Persistent negative gross profit and operating losses
The company has failed to demonstrate positive unit economics: gross margins are negative and operating losses persist across multiple years. This structural unprofitability implies the product and go-to-market model have not achieved scale or cost control, limiting reinvestment capacity and long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural demand for emissions reduction in heavy-duty sectors
Heavy-duty diesel industries (trucking, mining, construction) face enduring regulatory and cost pressures to cut emissions and fuel use. dynaCERT's targeting of these sectors aligns with a long-term addressable market that should sustain demand for retrofits and efficiency solutions beyond short-term cycles.
Read all positive factors
dynaCERT (DYA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$58.45M
Dividend YieldN/A
Average Volume (3M)264.24K
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue Growth-48.39%
EPS Growth9.17%
CountryCA
Employees29
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding508,286,680
10 Day Avg. Volume433,263
30 Day Avg. Volume264,242
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)-38.55
Price to Sales (P/S)68.05
P/FCF Ratio-4.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.01
Revenue Forecast (FY)C$21.00M
dynaCERT Business Overview & Revenue Model
Company Description
dynaCERT Inc. engages in the design, engineering, manufacture, testing, and distribution of transportable hydrogen generator aftermarket products in North America and internationally. Its patented and patent-pending retrofit product provides perfo...
How the Company Makes Money
dynaCERT primarily makes money by selling and deploying its HydraGEN hardware units to fleet operators and industrial customers. Revenue is generated from the sale of equipment (installed or provided with installation/support) and related customer...
dynaCERT Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 643.93K | 1.60M | 446.82K | 1.15M | 757.00K |
| Gross Profit | -4.24M | -998.86K | -609.11K | -1.14M | -1.46M |
| EBITDA | -8.22M | -9.09M | -6.93M | -9.92M | -15.28M |
| Net Income | -10.42M | -10.16M | -8.63M | -12.16M | -12.71M |
Balance Sheet | |||||
| Total Assets | 7.92M | 3.43M | 5.63M | 7.13M | 16.81M |
| Cash, Cash Equivalents and Short-Term Investments | 1.96M | 86.30K | 247.27K | 156.50K | 8.34M |
| Total Debt | 5.98M | 1.50M | 1.90M | 1.40M | 1.81M |
| Total Liabilities | 9.06M | 5.67M | 5.57M | 3.01M | 3.30M |
| Stockholders Equity | -1.14M | -2.24M | 61.35K | 4.11M | 13.52M |
Cash Flow | |||||
| Free Cash Flow | -10.21M | -5.47M | -3.57M | -7.97M | -9.67M |
| Operating Cash Flow | -10.21M | -5.45M | -3.52M | -7.88M | -8.66M |
| Investing Cash Flow | -9.72K | -44.49K | -55.66K | -96.73K | -1.41M |
| Financing Cash Flow | 12.10M | 5.33M | 3.66M | -206.67K | -429.59K |
dynaCERT Technical Analysis
Positive
0.10
Price Trends
0.10
Positive
0.10
Positive
0.12
Positive
Market Momentum
<0.01
Negative
58.47
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DYA, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.10, and below the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.47 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DYA.
dynaCERT Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | C$101.24M | -4.02 | 161.82% | ― | -6.83% | 46.97% | |
45 Neutral | C$38.05M | -1.79 | ― | ― | 46.49% | 42.37% | |
43 Neutral | C$58.45M | -4.20 | -2067.79% | ― | -48.39% | 9.17% | |
43 Neutral | C$31.46M | -9.73 | -5.73% | ― | 69.04% | 80.18% |
* Industrials Sector Average
TSE:DYA
dynaCERT
0.12
-0.06
-34.29%
TSE:ENW
Enwave Corp
0.27
0.02
6.00%
TSE:PYR
PyroGenesis Canada
0.46
0.02
3.41%
TSE:NXH
Next Hydrogen Solutions Inc
0.56
-0.17
-23.29%
dynaCERT Corporate Events
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
dynaCERT Taps New CEO to Drive Commercial Push in Asia and Latin America
Positive
Mar 25, 2026
dynaCERT has announced a planned leadership transition as it moves from a development-focused phase to global commercial expansion, elevating Chief Operating Officer Kevin Unrath to Chief Executive Officer while long-serving CEO Jim Payne shifts t...
Business Operations and Strategy
dynaCERT Sharpens 2026 Focus on High-Diesel Markets and Carbon Credit Readiness
Positive
Feb 12, 2026
dynaCERT has outlined its 2026 strategy with a tighter commercial focus on high-diesel-use sectors such as heavy-duty trucking, off-road mining and construction, oil and gas, and stationary power, where its HydraGEN technology can deliver economic...
Business Operations and StrategyExecutive/Board Changes
dynaCERT Lead Director Doug Seneshen Retires but Stays On as Consultant
Neutral
Jan 6, 2026
dynaCERT Inc. announced that Lead Director Doug Seneshen has retired from the company’s board of directors, effective January 1, 2026, after joining the board in 2024. The board and management credited Seneshen’s experience in the powe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.